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Proptech startup Flent raises $2.5 Mn in pre-Series A round

EntrackrEntrackr · 4d ago
Proptech startup Flent raises $2.5 Mn in pre-Series A round
Medial

Proptech startup Flent raises $2.5 Mn in pre-Series A round Bengaluru-based proptech startup Flent has raised Rs 21 crore (about $2.5 million) in a Pre-Series A round, including Rs 17 crore in equity and Rs 4 crore in debt. The round was led by Incubate Fund Asia, with participation from WEH Ventures, Twin & Bull Family Office, Stride Ventures, 91Ventures, Untitled VC, and a group of angel investors, including BlackBuck co-founder Rajesh Yabaji. In addition, over 40 landlords and tenants using Flent’s platform collectively invested Rs 1 crore as part of the round. The proceeds will be used to expand beyond Bengaluru, with Mumbai and Gurugram identified as the next markets. Flent also plans to roll out new offerings across the rental journey, including flatmate discovery, vacancy protection for landlords, and AI-led location and budget discovery tools. Founded in October 2023 by Mayank Lalwani, Rishabh Agnihotri, and Shail Daswani, Flent operates a full-stack rental platform offering fully furnished, move-in-ready homes with flexible lease terms. It manages the entire lifecycle, design, onboarding, tenant screening, maintenance, and rent assurance while removing brokerage and large security deposits. Flent currently manages 350 rooms across 140 premium homes in Bengaluru, with reported occupancy levels of 90–95%. The average customer stay is around 14 months, according to the company. On the supply side, the brand is targeting high-value residential properties, particularly those owned by investors and NRIs, where professional property management remains fragmented.

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Proptech startup Flent raises Rs 6.5 Cr in pre-seed round

EntrackrEntrackr · 1y ago
Proptech startup Flent raises Rs 6.5 Cr in pre-seed round
Medial

Proptech startup Flent has raised Rs 6.5 crore in its pre-seed round led by WEH Ventures, with participation from US-based 2 AM Ventures, Pareto Holdings, and a group of angel investors, including Sanchan S Saxena (ex-GM, Airbnb), Aneesh Reddy (founder, Capillary Technologies), Arjun Vaidya (founder, Dr. Vaidya’s), and Abhilash N (co-founder, Ivy Homes). The proceeds will be used to expand its core team and further develop full stack renting platform, which aims to make renting 10X easier and faster for India’s new-age working professionals. Founded by Shail Daswani, Mayank Lalwani, and Rishabh Agnihotri, the startup claims to have seen good traction for its flagship product Flent Reserve. Within 15 days of signing up and sharing their preferences, customers can move into a fully furnished, designer turnkey home with zero brokerage, a minimal deposit, and flexible stays ranging from 3 to 11 months. Since its inception in October 2023, Flent has launched 120 rooms across Bengaluru, from 1 BHKs to 3 BHKs, all of which have been rented out within 10 days of launch. The company already has a waitlist of over 500 people and has consistently achieved 100% occupancy. For homeowners, Flent manages the entire process, from property acquisition to furnishing and turning homes into turnkey rentals.

Fuel tech startup Nawgati raises $2.5 Mn in pre-Series A round

EntrackrEntrackr · 8m ago
Fuel tech startup Nawgati raises $2.5 Mn in pre-Series A round
Medial

Fuel tech startup Nawgati raises $2.5 Mn in pre-Series A round Fuel-tech platform Nawgati has raised $2.5 million in pre-series A funding round led by Ajay Upadhyaya along with participation from Deepak Bhagnani Family Office, MeitY Startup Hub, Aamara Capital, and other angels including Sanjay Sharma, Ashish Sharma, Prithvijit Roy, and Vivek Mathur. The Noida-based company had previously raised $1.67 million from MapmyIndia and others. The proceeds will be used for global expansion and strengthen its regional presence across India, Nawgati said in a press release. Co-founded in 2019 by Vaibhav Kaushik, Aalaap Nair, and Aryan Sisodia, Nawgati’s core offering is a fuel management app that helps businesses and consumers track fuel usage, find the nearest fuel stations, and potentially manage fuel costs. It also provides a dashboard, Aaveg, for fuel stations to monitor their operations in real-time. Additionally, the startup enables real-time oversight of critical station operations, allowing for better forecasting, smarter resource allocation, congestion management, powerful compliance enforcement, and strategic decision-making on the go. Nawgati plans to scale its fleet offering, which is already live with Mahanagar Gas, to other major fuel companies, advancing its aim to deliver smarter, more connected solutions for fleet operators and fuel stations.

Turbostart leads $2.5 Mn round in Lighthouse PropTech

EntrackrEntrackr · 9m ago
Turbostart leads $2.5 Mn round in Lighthouse PropTech
Medial

Snippets Turbostart leads $2.5 Mn round in Lighthouse PropTech Proptech startup Lighthouse PropTech has raised $2.5 million in a new funding round. Turbostart led the round with $1 million, along with participation from the Dabur Family Office and several other HNI family offices, valuing the company at $13.5 million. The fresh funds will be utilized for expansion as it builds a technology-driven platform for luxury real estate transactions in India, Lighthouse stated in a press release. Launched by Sumesh Mishra, Lighthouse PropTech aims to empower its clients with innovative solutions to efficiently manage their luxury real estate portfolios. The company’s offerings include Luxury Listings—an exclusive platform showcasing premier, handpicked properties—and Luxury Exclusives, which provides tailored experiences and bespoke property opportunities. According to Lighthouse PropTech, it is developing a next-generation digital platform to transform luxury real estate transactions for HNIs and UHNIs, offering a seamless, AI-powered investment experience. Market research indicates that India's luxury real estate market is experiencing unprecedented growth, with the segment expected to surpass $100 billion by 2030, growing at a CAGR of 21.81%. Founded in 2019, Turbostart is a global early-stage venture capital firm and accelerator. With a global presence spanning India, the Middle East, the US, and Singapore, Turbostart has launched five funds over five years, supporting over 50 diverse startups across various sectors and stages.

Startup news and updates: Daily roundup (September 25, 2024)

YourStoryYourStory · 1y ago
Startup news and updates: Daily roundup (September 25, 2024)
Medial

Bread brand The Health Factory has secured $3.5m in seed funding led by Peak XV’s Surge. The investment will enable the company to expand its reach and disrupt additional markets with its health-focused offerings. The Health Factory plans to use the funding to broaden its retail presence and enhance logistics and operational technologies. Proptech firm Flent has raised INR6.5 crore ($880,000) in a pre-seed round led by WEH Ventures to simplify the renting experience for India’s young professionals. Flent's flagship product, Flent Reserve, offers fully furnished designer homes with zero brokerage and flexible terms. Meanwhile, gaming company KRAFTON India has opened applications for the second cohort of its KRAFTON India Gaming Incubator (KIGI) programme. KIGI aims to incubate 6-10 new teams and offers financial support and mentorship to selected teams.

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